CoinDaysInLoss_STH
Tech spec
| Field | Value |
|---|---|
| API name (slug) | coindays_in_loss_sth |
| Group | supply in profit/loss |
| Unit / Valuetype | coindays / other |
| Shape | scalar |
| Resolutions | block, h1, h4, h8, h12, d1 |
| Endpoints | /v2/supply_in_profitloss |
| Tier | 0 |
| Last updated | 2025-08-20 17:36 UTC |
| Docs | Open in Swagger |
Brief Description: Coin Days of UTXOs held at a loss (spending price < acquisition price).
CoinDaysInLoss_STH tracks the Coin Days associated with UTXOs where the acquisition price exceeds the current price, serving as a proxy for HODLing conviction among Long-Term and Short-Term Holders.
Metric variants
- _lth: CoinDaysInLoss_STH restricted to Long-Term Holders (age ≥ 155 days).
- _sth: CoinDaysInLoss_STH restricted to Short-Term Holders (age < 155 days).
Interpretation CoinDaysInLoss_STH can indicate whether the market realized loss are being spent by speculators (indicating a short term loss taking during corrections) or experienced investor (indicating a long term loss taking and bearish sentiment during bear market capitulations). A increasing CoinDaysInLoss_STH generally indicates the deterioration of bull market conditions and the arrival of bearish sentiment. A decreasing CoinDaysInLoss_STH generally indicates that loss taking is decelarating, suggesting a transition from bearish conditions to a healthier market.
Advanced Explanation CoinDaysInLoss_STH is reffering the concept of and Coin Days (CD) and Coin Days Destroyed (CDD), originally mentionned on Bitcointalk forum in 20211.
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Coin Days essentially measures the length of detention of a given UTXO. When a UTXO is transferred, the timestamp of the creation of the new UTXO serves as the Day 0 of detention. Then, when this UTXO is spend, the count of accumulated number of days of dentention (Coin Days) is set back to 0.
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Coin Days Destroyed measures the number of Coin Days that were set back to 0 by the spending of the UTXO. This metric helps to identify periods where old coins, often associated with HODLers or Long Term Holders are spent, whick can deliver insights about he market behavior and sentiment.
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CoinDaysInLoss_STH tracks the amount of CDD that were destroyed for every UTXO having a spending price inferior to its acquisition price. It can serve to identify the tendency of loss taking to be dominated by Long Term Holders or Short Term Holders.